Should I buy a new home and an investment property, depleting my funds?

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  • #104889 Reply
    Maggie

      all it takes is one issue to put you in debt. can you pay for everything with no renters? are you sure it will cash flow?

      #104890 Reply
      Molly

        Location? Prospective job growth in the area? Is there a local shortage of housing so prices are increasing?

        Way to many unknowns to really answer appropriately… Seller could be dumping it because the long term economy in the area favors it …

        #104891 Reply
        Matt

          Can you rent it out for what your payment will be or close? If so go for it.

          No risk no reward.

          You can always refinance it to lower your payment when interest rates go down.

          #104892 Reply
          Joe

            Well if you are in Peru or Afghanistan, the property market is different there.

            #104893 Reply
            Josh

              Absolutely DO NOT buy a home right now.
              The collapse has started in Florida and Texas.

              Other hot markets will turn soon as well (phx/vegas).

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            Reply To: Reply #104893 in Should I buy a new home and an investment property, depleting my funds?
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